mBank targets to become one of top five Czech retail banks by 2014.

By bne IntelliNews March 3, 2011
mBank, one of the smallest local commercial banks, targets to become one of the top five Czech retail banks by 2014 by charging low fees for its services, CTK newswire informed quoting the banks CEO Janusz Mieloszyk. mBank services are provided online. The bank wants to increase the number of its clients to 500,000 and the number of its accounts to 1mn until 2014. mBank had 350,000 clients and 686,000 accounts at the end of 2010. In order to succeed in its plans, mBank is to charge low fees for its services, which are provided online. mBank has been operating on the local market since 2007. It is fully controlled by Polands BRE Bank, part of German Commerzbank.

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